My fiancé and I have decided to try this envelope system for the New Year. We are hoping to be able to save money quickly and not spend as much money. Especially if we go out and then later find out we had a gift card! (That drives me crazy!!)
I really like a lot of the ideas that Dave Ramsey has however, I do not agree with the savings account. Yes, it is a good idea to have $1,000 in your savings incase of emergency. I just do not see how having more in the savings could be a bad thing. I feel that by draining a savings account down to $1,000 can actually hurt someone. Fixing things are not cheap! What would happen if you had a major appliance break and needed $2,000? The savings would be drained down to $0 and you would be in debt $1,000 more than you were.
What do you think of this system???
How do you save money?
What works the best for busy schedules and families?
How many of you set goals?
I know I set a lot of goals for myself. Lately I have noticed people around me make goals as well however, they are not realistic! I tell people all the time set yourself goals but, make them realistic! If you make crazy goals and never reach them then you will always become upset because you don’t reach that goal.
Realistic VS. Unrealistic:
loose 2lbs in a month VS. loose 10 lbs in a month –> 2lbs is much easier than 10lbs and if you loose more… BONUS!!
add 1,000 extra steps a day VS. add 5,000 steps a day –> again start off small and realistic think about what you need to do to reach that goal and see if it fits into your day!
(independent distributors) earn an extra $100 a month VS. earn an extra $1,000 a month –> I have learned this personally! Everything month is different! Aim low and be extra excited if it is higher!
When setting your goals:
1. Make them achievable: you know your lifestyle better than anyone else.
2. Aim Low: If you say today I will walk 3,000 steps and you hit 4,000 you will feel better than if your goal was 5,000 and you hit 4,000
3. Don’t give up! : if you don’t reach a goal 1 day out of the week do not give up! Keep trying and use any anger or frustration you have to reach your goal the next day!
4. Set goals with friends: use your phone or a FitBit and do a competition to keep each other motivated!
This week I made a list of 18 goals to reach by this Saturday 11-7-15! Throughout the week I do occasionally add some goals. As of today 11-3-15 at 11:30 a.m I am down to 15 Goals! Fingers crossed that I stay motivated! 🙂
What are some goals you have? Are there ones that you never seem to meet? What motivates you to reach your goals?